Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MP CA Homes LLC
  2. Issuer Name and Ticker or Trading Symbol
STANDARD PACIFIC CORP /DE/ [SPF]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O MATLINPATTERSON GLOBAL ADVISERS LLC, 520 MADISON AVENUE
3. Date of Earliest Transaction (Month/Day/Year)
12/21/2010
(Street)

NEW YORK, NY 10022
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/21/2010   X   89,400,000 A (1) 89,400,000 D (1) (2)  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant (right to buy) (1) 12/21/2010   X     1 11/23/2010   (3) Common Stock 89,400,000 $ 0 0 D (1) (2)  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MP CA Homes LLC
C/O MATLINPATTERSON GLOBAL ADVISERS LLC
520 MADISON AVENUE
NEW YORK, NY 10022
    X    
MatlinPatterson Global Opportunities Partners III LP
C/O MATLINPATTERSON GLOBAL ADVISERS LLC
520 MADISON AVENUE
NEW YORK, NY 10022
    X    
MatlinPatterson Global Opportunities Partners (Cayman) III LP
C/O MATLINPATTERSON GLOBAL ADVISERS LLC
520 MADISON AVENUE
NEW YORK, NY 10022
    X    
MatlinPatterson Global Partners III LLC
C/O MATLINPATTERSON GLOBAL ADVISERS LLC
520 MADISON AVENUE
NEW YORK, NY 10022
    X    
MATLINPATTERSON GLOBAL ADVISERS LLC
520 MADISON AVENUE
NEW YORK, NY 10022
    X    
MATLINPATTERSON ASSET MANAGEMENT LLC

 
    X    
MATLINPATTERSON LLC

 
    X    
MATLIN DAVID J

 
    X    
PATTERSON MARK R

 
    X    

Signatures

 MP CA HOMES LLC By: /s/ Robert H. Weiss, Reporting Person   12/21/2010
**Signature of Reporting Person Date

 MATLINPATTERSON GLOBAL OPPORTUNITIES PARTNERS III L.P By: /s/ Robert H. Weiss, Reporting Person   12/21/2010
**Signature of Reporting Person Date

 MATLINPATTERSON GLOBAL OPPORTUNITIES PARTNERS (CAYMAN) III L.P. By: /s/ Robert H. Weiss, Reporting Person   12/21/2010
**Signature of Reporting Person Date

 MATLINPATTERSON GLOBAL PARTNERS III L.P. By: /s/ Robert H. Weiss, Reporting Person   12/21/2010
**Signature of Reporting Person Date

 MATLINPATTERSON GLOBAL ADVISERS LLC By: /s/ Robert H. Weiss, Reporting Person   12/21/2010
**Signature of Reporting Person Date

 MATLINPATTERSON ASSET MANAGEMENT LLC By: /s/ Robert H. Weiss, Reporting Person   12/21/2010
**Signature of Reporting Person Date

 MATLINPATTERSON LLC By: /s/ Robert H. Weiss, Reporting Person   12/21/2010
**Signature of Reporting Person Date

 DAVID J. MATLIN By: /s/ Robert H. Weiss, Attorney-in-Fact   12/21/2010
**Signature of Reporting Person Date

 MARK R. PATTERSON By: /s/ Robert H. Weiss, Attorney-in-Fact   12/21/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) MP CA Homes LLC was the direct owner of a warrant to purchase 89,400,000 shares of Common Stock for an exercise price of $2.09732 per share of Common Stock (the "Warrant"). On December 21, 2010, MP CA Homes LLC exercised the Warrant by paying the exercise price of $2.09732 per share of Common Stock, in cash for an aggregate $187,500,408.00. MatlinPatterson Global Opportunities Partners III L.P. and MatlinPatterson Global Opportunities Partners (Cayman) III L.P.(together, "the Funds"), hold 100 percent of the membership interests in MP CA Homes LLC. MatlinPatterson Global Partners III LLC (the "General Partner") is the general partner of the Funds. MatlinPatterson Global Advisers LLC (the "Adviser") is the investment adviser to the Funds. MatlinPatterson Asset Management LLC holds 100 percent of the voting interest and equity of the Adviser and the General Partner. MatlinPatterson LLC holds 100 percent of the equity of MatlinPatterson Asset Management LLC. Other than MP CA Homes LLC, each of the foregoing reporting persons disclaims beneficial ownership of the shares held by MP CA Homes LLC, except to the extent that such reporting person holds an indirect pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.
(2) David J. Matlin and Mark R. Patterson are employees of the Adviser and each hold 50 percent of the membership interests in MatlinPatterson LLC. David J. Matlin and Mark R. Patterson may be deemed to have shared voting and investment control over the shares of the Issuer held by MP CA Homes LLC. They also have indirect pecuniary interests in the Funds. Their exact pecuniary interests therein are not readily determinable because they are subject to several variables, including without limitation, the internal rates of return of the Funds overall with respect to their indirect investment in the Issuer. David J. Matlin and Mark R. Patterson disclaim beneficial ownership of any of the reported securities except to the extent of their pecuniary interest therein.
(3) The Warrant was set to expire one business day immediately following the earlier of (i) the consummation of the Issuer's cash tender offers for any and all of the Issuer's 9 1/4% senior subordinated notes due April 15, 2012, 6 1/4% senior notes due April 1, 2014 and 7 % senior notes due August 15, 2015 and (ii) the six month anniversary of November, 23, 2010, the date of the amendment of the Warrant.

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